President Bola Tinubu has appointed board members for the newly established Nigerian Independent System Operator (NISO).
Dr. Adesegun Olugbade has been named Board Chairman, while Abdu Bello will serve as the Managing Director of NISO.
As an Independent System Operator, NISO is responsible for coordinating, controlling, and monitoring the country’s electrical power system in collaboration with the Transmission Company of Nigeria.
Additionally, Tinubu has appointed both executive and non-executive board members for the organization.
The Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, announced this in a statement issued on Wednesday, titled “President Tinubu Approves Board Members for the Nigerian Independent System Operator.
Tinubu appointed four Executive Directors to the board: Nafisatu Ali for Systems Operation, Shehu Abba-Aliyu for Systems Planning, Dr. Edmund Eje for Market Operations, and Mr. Babajide Ibironke for Finance and Corporate Services.
According to the statement, the Non-Executive Directors include Lamu Audu, representing Generation; Mrs. Folake Soetan for Distribution; Mr. Tajudeen Giwa-Osagie as Market Expert; Sule Abdulaziz for Transmission; and Mahmuda Mamman, the Permanent Secretary at the Federal Ministry of Power.
The National Council on Privatization will oversee the final stages of the recruitment process. Onanuga stated that the appointments are in accordance with the Electricity Act of 2023.
“These appointments follow a memorandum from Vice President Kashim Shettima and a rigorous selection process carried out by the Independent Board Nomination Committee in partnership with Phillips Consulting Limited, he explained.
He further noted that the establishment of NISO fulfills a key requirement of the Electricity Act (2023), which mandates the unbundling of the Transmission Company of Nigeria into a Transmission System Provider and an Independent System Operator.
The Nigerian Electricity Regulatory Commission officially established NISO on April 30, 2024. Its subscribers, the Bureau of Public Enterprises and the Ministry of Finance Incorporated, each hold equal equity shares.
